Warren Buffett Sticks To Business, Avoids Politics In LetterInvestors who wanted billionaire Warren Buffett to address the current state of the world in his annual letter to Berkshire Hathaway shareholders will likely be disappointed, but they can still take some comfort in his consistently rosy long-term outlook for the U.S. economy.
Despite Increased Profits, J.C. Penney To Close Some 140 StoresJ.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability.
Twitter Struggles To Turn Headlines Into CashTwitter is struggling to convert its headline omnipresence into cash, and its profit forecast sent investors scrambling before the opening bell Thursday.
Dallas-Based AT&T Meets 4Q Profit ForecastsThe Dallas-based company, on a per-share basis, said Wednesday that it had net income of 39 cents. Earnings, adjusted for non-recurring costs, came to 66 cents per share.
Southwest Beats Wall Street's 4Q ForecastsSouthwest Airlines Co. (LUV) on Thursday reported fourth-quarter earnings of $522 million. On a per-share basis, the Dallas-based company said it had profit of 84 cents. Earnings, adjusted for non-recurring gains, came to 74 cents per share.
Texas-Based Halliburton Reports 4Q Loss Of $149MThe Houston-based company said Monday that it lost 17 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
Whole Foods Beats 4Q Profit ForecastsWhole Foods Market Inc. (WFM) on Wednesday reported fiscal fourth-quarter profit of $88 million.
Exxon Mobil Tops 3Q Profit Forecasts, Earns $2.65BExxon Mobil Corp. has reported third-quarter earnings of $2.65 billion. The Irving-based company said Friday that it had profit of 63 cents per share.
Exxon Misses Wall Street 2Q ForecastsExxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $1.7 billion.
Sanders: Democratic Convention Could Be 'Messy'Bernie Sanders says the Democratic National Convention in Philadelphia and his push to make the party more inclusive could get "messy." He said in an interview with The AP: "Democracy is not always nice and quiet and gentle."
Delta Air Lines' 1Q Profit Rises 27 Percent To $946 MillionDelta is the first major U.S. airline to report first-quarter earnings. The airlines have been setting profit records thanks to falling prices for jet fuel.
Texas-Based Conn's Expects Revenue Growth Less Than ExpectedConn's Inc. has reported disappointing fourth-quarter earnings and says it expects revenue for the year to grow less than Wall Street expected.